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⚠️ Meta is shutting down its Metaverse, a $80 Billion collapse:
In 2021, Mark Zuckerberg was so confident in the metaverse that he renamed his entire company after it. Facebook turned into Meta.
The stock immediately lost $700 billion in value. That should've been the sign.
But instead of pivoting, he doubled down. Then tripled down. Then quadrupled down every single year for five straight years. Each year the losses grew. Each year the vision stayed the same. Each year fewer people cared.
Peak users: 300,000. The target was 1 billion. He missed by 99.97%. 20 million headsets sold. More than half abandoned within six months. Turns out people don't want to attend meetings as a cartoon with no legs. 21,000 employees fired. 1,500 more from Reality Labs alone. And now, Horizon Worlds is officially shutting down in June 2026.
$84 billion spent. The most expensive product launch in corporate history. And the legacy? A company that changed its name for a product nobody wanted, built a world nobody visited, and burned more cash than most countries produce. The metaverse was never the future. It was one man's $84 billion bet against reality. And reality won.